Fly News Breaks for January 16, 2020
UTX, JCI, IR
Jan 16, 2020 | 09:44 EDT
OTR Global said the outlook for the U.S. commercial HVAC equipment businesses of Ingersoll-Rand (IR), Johnson Controls (JCI) and United Technologies (UTX) has deteriorated to mixed from being positive in October.
News For IR;JCI;UTX From the Last 2 Days
May 12, 2021 | 08:31 EDT
Evercore ISI analyst David Raso raised the firm's price target on Ingersoll-Rand to $53 from $48 and keeps an In Line rating on the shares. The machinery sector is "highly positively correlated" with commodity prices, while the sector's current P/E multiple relative to the S&P 500 is at a steep historical discount for what he sees as "year two" of a recovery in 2022, Raso tells investors in a post-earnings research note for the group.